Microphones Global Market Report 2023

“Microphones Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on microphones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
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Where is the largest and fastest growing market for microphones ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The microphones market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Wired Microphones; Wireless Microphones

2) By End-User: Studio & Broadcasting; Large Venues and Events; Educational Institutions; Government and Military; Corporate; Hospitality

3) By Application: Automotive; Commercial Security & Surveillance; Consumer Electronics; Industrial; Medical; Noise Monitoring & Sensing

4) By Technology: Electret; MEMS; Other Technologies

Companies Mentioned: Knowles Corporation; Goertek; STMicroelectronics; BSE; NeoMEMS Technologies

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the microphones market are: Knowles Corporation, Goertek, STMicroelectronics, BSE, NeoMEMS Technologies, Hosiden, InvenSense, Cirrus Logic, AAC Technologies, and Infineon Technologies.

The global microphones market will grow from $2.46 billion in 2022 to $2.53 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The microphones market is expected to grow to $2.8 billion in 2027 at a compound annual growth rate (CAGR) of 2.6%.

The microphones market consists of sales of wired microphones and wireless microphones. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A microphone is a type of transducer that converts acoustical energy into audio signals.

Asia Pacific was the largest region in the microphones market in 2022. North America was the second-largest region in the microphones market. The regions covered in the microphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main product types of microphones are wired microphones and wireless microphones. A wireless microphone does not have a physical cable connecting it to the amplifying equipment it is used with. The user's voice can be transmitted "wirelessly" to the sound system's receiver using a wireless microphone system. The sound system amplifies the signal from the receiver before sending it to the speakers. The technologies used in microphones are electret, MEMS and others that are used for automotive, commercial security and surveillance, consumer electronics, industrial, medical, noise monitoring and sensing applications. The microphones are used by studio and broadcasting, large venues and events, educational institutions, government and military, corporate and hospitality end-users.

Widespread adoption of smartphones globally contributing to the growth of the microphones market. The demand for mobiles is directly proportional to demand for microphones. Mobile penetration is rapidly growing day by day across the globe, it is estimated that more than 5 billion people have mobile phones and half of them are smartphones. Younger people are more likely to have smartphones, access to the internet and use social media to be digitally connected. According to a Pew Research Center survey conducted across 18 advanced economies revealed that, a median of 76% have smart phones compared with a median of 45% in emerging economies. In Japan 69% of men and 63% of women own smartphones. Therefore, adoption of mobile phones is expected to increase the microphones market's growth.

Technical difficulties hampering the adoption of wireless microphones are expected to limit the growth of the microphones market. Due to the obstructions and physical distance between transmitter and receiver wireless microphones are subjected to signal blockages. In large events, microphone reception fades drastically due to dead zones created by obstructions and physical distance. Although hand free microphones are popular and unobtrusive many people have a habit to turn their heads while talking causing the voice to drop significantly. Wireless microphones can operate in VHF, UHF, 2.4GHz and 6GHz bands. The obstructions and the signal blockages are some of the technical difficulties that limit the growth of the microphones market.

In both developing and developed economies, devices such as Amazon Alexa and Google Home are gaining popularity. These devices are manufactured by extensive use of microphones, which can respond to human voices. A smart assistant can perform various tasks such as playing music, news with the help of software that is installed in these smart devices. The home users are interacting with the SPA technology, which is an emerging innovation that is changing the way. The growing demand for personal home assistance owing to increasing disposable incomes and standard of living are driving revenues in the global microphones market.

In January 2022, Vitec Imaging Solutions, an Italy-based premium branded hardware and software solutions provider acquired Audix Corporation for an undisclosed amount. With the acquisition, Audix accelerates and strengthens its audio capture strategy by bringing additional specialist R&D capabilities to enable the Group to design and build microphones in-house. Audix Corporation is a US-based designer and manufacturer of microphones and electronic components.

The countries covered in the microphones market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The microphones market research report is one of a series of new reports from The Business Research Company that provides microphones market statistics, including microphones industry global market size, regional shares, competitors with a microphones market share, detailed microphones market segments, market trends and opportunities, and any further data you may need to thrive in the microphones industry. This microphones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.